Gold is bearish
for medium-long term .Currently Gold is in strong uptrend and the trend is
supported with good volume The open interest is not increasing with trend .
Cautious point is buying at higer levels seems decreasing. The Gold is now
trading in overbought level. The Gold is now trading in overbought level. The
oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for
the Gold is 28886-28735-28688-.Resistance for the Gold is 29516-29615-29936-
Short term and Intraday Level of
GOLD
Currently
Gold is in HOLD LONG position Gold is in profit booking
mode so either sell of or keep stop at28950 so better sell and enter at lower
level The Gold is now trading in highly oversold level. The oscillator is showing
BUY signal
Intraday Trend- Buy is advised above 29195.3 with a stop at 28924.5 Below 28873.1 go for sell
Intraday Resistance of GOLD are 29137 : 29222.5 : 29290.2 : 29325.8
Intraday Support of GOLD are 28931 : 28845.5 : 28779 : 28743.7
Intraday Trend- Buy is advised above 29195.3 with a stop at 28924.5 Below 28873.1 go for sell
Intraday Resistance of GOLD are 29137 : 29222.5 : 29290.2 : 29325.8
Intraday Support of GOLD are 28931 : 28845.5 : 28779 : 28743.7
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